Showing posts with label executive compensation. Show all posts
Showing posts with label executive compensation. Show all posts
Wednesday, February 4, 2009
But What About Haircuts?
Just watching Morning Joe again today and listening to Scarborough harp about how President Obama is "naive" to try to limit the compensation of executives at financial institutions who take TARP money to $500,000 a year. According to old Scar, with an assist from Mikaborg, its necessary to pay Wall Street execs enormous bonuses even after they come to the government for a bailout. Now setting aside for a moment that this is a 180 from just yesterday when he was cheering the idea of cutting executive pay on when it was Claire McCaskill's idea, but doesn't anyone else remember all the talk about haircuts when it came to bailing out the Big 3 auto workers? I remember Mika and Scar vividly. "Ohhhh the union workers have to take a haircut to get this money". So a person making say $30 or $40 an hour actually making something in this country, THEY need to take a paycut. But some fatcat big wig who has lot people's money and has in many cases lied to their clients, THEY should continue getting paid out the ass in Mika and Scar's world. Do these people know ANY regular Americans at all? Their ears aren't tin at this point, they are aluminum.
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